Morningstar, Inc. (MORN)

Morningstar Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	502.7	337.9	376.6	483.8	422.5
Short-Term Investments	48.3	51.1	38	62.3	41.7
Cash & Short-Term Investments	551	389	414.6	546.1	464.2
Cash Growth	41.65%	-6.17%	-24.08%	17.64%	26.31%
Accounts Receivable	358.1	343.9	307.9	268.9	205.1
Other Receivables	12.4	0.6	-	8.9	2.2
Receivables	370.5	344.5	307.9	277.8	207.3
Prepaid Expenses	42.1	34.9	36.7	30.6	31.7
Other Current Assets	50.5	47.3	51.6	33.1	26.8
Total Current Assets	1,014	815.7	810.8	887.6	730
Property, Plant & Equipment	400.1	371.6	391	321	302.8
Long-Term Investments	85.3	100.2	96	63.3	32.6
Goodwill	1,562	1,579	1,572	1,207	1,205
Other Intangible Assets	408.8	484.4	548.6	328.2	380.1
Long-Term Deferred Tax Assets	43.2	14.6	10.8	12.8	12.6
Long-Term Deferred Charges	26.6	29.3	35.4	31.1	18.5
Other Long-Term Assets	8.8	8.8	10.5	11.7	14.4
Total Assets	3,549	3,403	3,475	2,863	2,696
Accounts Payable	87.3	78.4	76.2	76.5	64.5
Accrued Expenses	272.2	214.4	220.1	273.7	169.2
Current Portion of Long-Term Debt	-	32.1	32.1	-	-
Current Portion of Leases	35.1	36.4	37.3	36.4	39.9
Current Income Taxes Payable	30.5	-	-	-	-
Current Unearned Revenue	540.8	517.7	455.6	377.4	306.8
Other Current Liabilities	1.4	1.8	61.2	19.5	46.1
Total Current Liabilities	967.3	880.8	882.5	783.5	626.5
Long-Term Debt	698.6	940.3	1,078	359.4	449.1
Long-Term Leases	170.3	151.4	176.7	135.7	137.7
Long-Term Unearned Revenue	22.4	26.3	33.5	36.4	33.5
Long-Term Deferred Tax Liabilities	27.6	35.6	62.9	101.7	108.9
Other Long-Term Liabilities	44.1	41.2	34.6	30.1	68.9
Total Liabilities	1,930	2,076	2,268	1,447	1,425
Additional Paid-In Capital	822.7	789	757.8	689	671.3
Retained Earnings	1,909	1,611	1,535	1,527	1,389
Treasury Stock	-993.9	-985.5	-986.7	-764.3	-767.3
Comprehensive Income & Other	-119.4	-86.5	-99	-35.3	-22
Total Common Equity	1,619	1,328	1,207	1,416	1,271
Shareholders' Equity	1,619	1,328	1,207	1,416	1,271
Total Liabilities & Equity	3,549	3,403	3,475	2,863	2,696
Total Debt	904	1,160	1,324	531.5	626.7
Net Cash (Debt)	-353	-771.2	-909	14.6	-162.5
Net Cash Per Share	-8.19	-17.98	-21.19	0.34	-3.76
Filing Date Shares Outstanding	42.84	42.73	42.48	42.96	42.9
Total Common Shares Outstanding	42.87	42.73	42.48	43.14	42.9
Working Capital	46.8	-65.1	-71.7	104.1	103.5
Book Value Per Share	37.76	31.08	28.42	32.82	29.64
Tangible Book Value	-352.2	-735.4	-913.2	-119.3	-313.7
Tangible Book Value Per Share	-8.22	-17.21	-21.50	-2.77	-7.31
Machinery	138.1	152.6	144.4	124.8	112.6
Construction In Progress	12.2	13.8	13.7	11	8.6
Leasehold Improvements	113.9	113.3	106.5	100.7	96

Source: S&P Capital IQ. Standard template. Financial Sources.